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WADE PARK APARTMENTS

FHA New Construction & Substantial Rehab

Endorsed November 22, 2022

FHA #04235738

Deal Details

Location: Cleveland, Ohio
Mortgage Amount: $9.6M
Units: 228
Program: New Construction & Substantial Rehab
Lender: Lument
Fiscal Year: FY2023
LIHTC: Yes
Tax-Exempt: Yes

Current Loan Status

Active

Outstanding Balance: $9.6M
Interest Rate: 5.00%
Maturity: September 2065(39 years remaining)
Original Term: 40 years
Holder: Lument
Servicer: Lument

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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